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S&POutlook on Gold Companies Revised Due to Drop in Prices Jul 97 Product Image

S&POutlook on Gold Companies Revised Due to Drop in Prices Jul 97

  • Published: July 1997
  • Standard & Poors

FEATURED COMPANIES

  • Agnico-Eagle Mines Ltd.
  • Battle Mountain Gold Co.
  • Echo Bay Mines Ltd.
  • Homestake Mining Co.
  • Newmont Gold Co.
  • Placer Dome Inc.
  • MORE

Abstract
NY -- Standard & Poor's CreditWire 7/10/97 -- Reflecting the recent weakness in gold prices, coupled with the possibility of a sustained period of weaker prices, Standard & Poor's has revised its outlook on various companies as follows: New Former CCR* Outlook Outlook Newmont Gold Co. BBB+ Negative Stable Newmont Mining Corp. BBB+ Negative Stable Homestake Mining Co. BBB Negative Stable Placer Dome Inc. BBB Stable Positive Battle Mountain Gold Co. BB Negative Positive Echo Bay Mines Ltd. BB Negative Stable Coeur D'Alene Mines Corp. B+ Negative Positive *CCR--Corporate credit rating. Gold prices have been temporarily affected by recent central bank actions, falling to the current price of $318 per ounce, which is near a 12-year low. Yet, Standard &...

Companies mentioned in this report are:
- Coeur d'Alene Mines Corp.
- Homestake Mining Co.
- Newmont Mining Corp.
- Echo Bay Mines Ltd.
- Battle Mountain Gold Co.
- Hecla Mining Co.
- Placer Dome Inc.
- Teck Resources Ltd.
- Newmont Gold Co.
- Royal Oak Mines Inc.
- Freeport-McMoRan Copper & Gold Inc.
- Barrick Gold Corp.
- Agnico-Eagle Mines Ltd.
- Kinam Gold READ MORE >

- Coeur d'Alene Mines Corp.
- Homestake Mining Co.
- Newmont Mining Corp.
- Echo Bay Mines Ltd.
- Battle Mountain Gold Co.
- Hecla Mining Co.
- Placer Dome Inc.
- Teck Resources Ltd.
- Newmont Gold Co.
- Royal Oak Mines Inc.
- Freeport-McMoRan Copper & Gold Inc.
- Barrick Gold Corp.
- Agnico-Eagle Mines Ltd.
- Kinam Gold Inc.

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